924 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 924 shares of the company’s stock, valued at approximately $1,003,000.

Several other hedge funds have also recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new position in Coca-Cola Consolidated in the 2nd quarter worth about $62,000. Aristides Capital LLC acquired a new position in Coca-Cola Consolidated in the 2nd quarter worth about $302,000. Cetera Investment Advisers increased its position in Coca-Cola Consolidated by 36.6% in the 2nd quarter. Cetera Investment Advisers now owns 1,490 shares of the company’s stock worth $1,617,000 after purchasing an additional 399 shares during the last quarter. Wallace Capital Management Inc. acquired a new position in Coca-Cola Consolidated in the 2nd quarter worth about $90,404,000. Finally, Creative Planning increased its position in Coca-Cola Consolidated by 17.4% in the 2nd quarter. Creative Planning now owns 2,488 shares of the company’s stock worth $2,700,000 after purchasing an additional 368 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,282.91 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. Coca-Cola Consolidated, Inc. has a fifty-two week low of $614.22 and a fifty-two week high of $1,376.84. The stock’s 50-day moving average is $1,292.81 and its two-hundred day moving average is $1,083.92. The firm has a market cap of $11.24 billion, a P/E ratio of 23.72 and a beta of 0.82.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The company had revenue of $1.80 billion for the quarter.

Coca-Cola Consolidated Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be issued a dividend of $2.50 per share. This is a positive change from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date of this dividend is Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio is currently 3.70%.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.